SECTION. 24. The capital stock shall be divided into shares. The par value of each share shall not exceed five pesos. No person shall have for himself shares for more than five hundred pesos. The payment for each share of stock shall be made in one sum and upon delivery of the certificate therefor. The by-laws shall establish the value of each share and the manner of subscribing.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationAct No. 2508 Section 24 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
